| A | B |
|---|
| Corporation | An organization with legal rights and which may be owned by many persons. |
| Board of directors | A group of persons elected by the stockholders to manage a corporation. |
| Articles of incorporation | A written application requesting permission to form a corporation. |
| Charter | The approved articles of incorporation. |
| Common Stock | Stock that does not give stockholders any special preferences. |
| Preferred Stock | Stock that gives stockholders preference in earnings and other rights. |
| Stock certificate | Written evidence of the number of shares each stockholder owns in a corporation. |
| Par value | A value assigned to a share of stock and printed on the stock certificate. |
| Par-value stock | A share of stock that has an authorized value printed on the stock certificate. |
| No-par-value stock | A share of stock that has no authorized value printed on the stock certificate. |
| Stated-value stock | No-par-value stock that is assigned a value by a corporation. |
| Subscribing for capital stock | Entering into an agreement with a corporation to buy capital stock and pay at a later date. |
| Organization costs | Fees and other expenses of organizing a corporation. |
| Intangible assets | Assets of a non-physical nature that have value for a business. |
| Declaring a dividend | Action by a board of directors to distribute corporate earnings to stockholders. |
| Date of declaration | The date on which a board of directors votes to distribute a dividend. |
| Date of record | The date that determines which stockholders are to receive dividends. |
| Date of payment | The date on which dividends are actually to be paid to stockholders. |
| Empty Space 1 | Empty Space 1 |
| Empty Space 2 | Empty Space 2 |
